Crypto: Bitwise Has Now Donated Over $380k To Open-source Bitcoin Devs

Bitwise has tasked Bitcoin Brink, OpenSats, and the Human Rights Foundation with deciding where to allocate its second annual donation to support Bitcoin.

Crypto asset manager Bitwise has now donated a total of $383,000 to support developers who maintain and secure the Bitcoin network since 2024, with its latest $233,000 contribution announced on Wednesday.

Its second payout, funded by 10% of gross profits from its Bitwise Bitcoin ETF (BITB), adds to the $150,000 that it donated in February 2025 after BITB’s first full year.

“Bitwise is proud to donate $233,000 to support the unsung heroes maintaining and securing the Bitcoin network,” Bitwise said in a post to X on Wednesday.

Around the time of BITB’s launch in January 2024, Bitwise pledged to direct 10% of gross profits to Bitcoin developers, who play a key role in securing what has become a $1.4 trillion network.

Bitwise said three Bitcoin-friendly non-profit organizations will allocate the funds — Bitcoin Brink, OpenSats and the Human Rights Foundation through its Bitcoin Development Fund.

The $233,000 donation suggests Bitwise generated $2.33 million in gross profits from BITB in its second year.

Bitwise earns money from BITB by charging a 0.2% fee on BITB assets under management.

BITB has seen $2.2 billion worth of inflows since January 2024, trailing only BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC), Farside Investors data shows.

However, IBIT and FBTC are far ahead, having amassed $62.4 billion and $11 billion worth of inflows, respectively.

Source: CoinTelegraph